Common use of Right to Retain Shares Clause in Contracts

Right to Retain Shares. No Common Shares will be issued to the Employee until the Employee satisfies the tax withholding obligation. To the maximum extent permitted by law, the Company has the right to retain without notice from Common Shares issuable upon vesting of the Units or from salary or other amounts payable to the Employee, Common Shares or cash having a value sufficient to satisfy the tax withholding obligation.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (Hughes Satellite Systems Corp), Restricted Stock Unit Agreement (EchoStar CORP), Restricted Stock Unit Agreement (Echostar DBS Corp)

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